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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Expand credit unions to boost cheap credit to low-income people, Labour MPs urge Reeves

Queen Camilla in a reda military beret with feather attends a remembrance service
Queen Camilla supports the UK military’s credit unions which provide an ‘ethical and affordable alternative to high-cost lenders’ for service personnel. Photograph: Wiktor Szymanowicz/ZUMA Press Wire/Shutterstock

A group of Labour MPs have called on Rachel Reeves to support a huge expansion of credit unions to increase access to cheap credit for millions of people on low incomes.

The move coincides with celebrations on Monday to mark the 10-year anniversary of the UK’s military credit unions, which are supported by Queen Camilla and provide “an ethical and affordable alternative to high-cost lenders” for service personnel.

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